Nature-related risks

Overview

Nature degradation could have significant macroeconomic implications and failure to account for them could cause risks to financial stability; hence its relevance for central banks and supervisors (see NGFS statement, 2022). 

The NGFS established the Task force on nature-related risks in 2022 to ensure the mainstreaming of the consideration of nature-related risks across the NGFS works alongside climate, with which it is deeply interconnected. The Task Force also acts as a center of expertise and an incubator that explores, develops and harmonizes relevant nature-related considerations and efforts in collaboration with the NGFS working groups. 

The Task Force Nature is currently working around three main concrete achievements:

• Developing scenarios on nature-related financial risks;
• Working on a compendium of implementation practices to further demonstrate the Conceptual Framework’s applicability and monitor its usefulness to the broader NGFS community;
• Initiating policy research on nascent topics to facilitate integration in the other NGFS working groups and further liaise with other NGFS working groups to help advance the integration efforts.

Chairs’ institutions

The Task Force Nature is co-chaired by Ms Emmanuelle Assouan (Banque de France) and Mr Marc Reinke (De Nederlandsche Bank).

Recent publications